Literacy Project
- Assets
- $341.1k
- Revenue
- $271.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Minturn, CO
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 84-1149543
Organization Overview
Literacy Project is located in Minturn, CO. The organization was established in 1991. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2021, Literacy Project employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Literacy Project generated $271.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $254.0k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FREE LITERACY EDUCATION TO RESIDENTS OF EAGLE COUNTY, CO WHO ARE NOT BEING SERVED BY OTHER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FREE LITERACY EDUCATION TO RESIDENTS OF EAGLE COUNTY, CO WHO ARE NOT BEING SERVED BY OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Dennis Secretary | OfficerTrustee | 2 | $0 |
Adina Dean Treasurer | OfficerTrustee | 5 | $0 |
Wendi Hanlon President | OfficerTrustee | 2 | $0 |
Colleen Gray Executive Director | Officer | 40 | $0 |
Brian Nestor Director | Trustee | 2 | $0 |
Sophie Sunderland Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,847 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,897 |
| Total Program Service Revenue | $0 |
| Investment income | $173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,825 |
| Compensation of current officers, directors, key employees. | $77,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,276 |
| Payroll taxes | $11,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,343 |
| Office expenses | $1,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,277 |
| All other expenses | $3,677 |
| Total functional expenses | $254,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $341,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,056 |
| Accounts payable and accrued expenses | $6,721 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,721 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $334,335 |
| Total liabilities and net assets/fund balances | $341,056 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Literacy Project has recieved totaling $66,356.
| Awarding Organization | Amount |
|---|---|
Blanche C Hill Foundation Telluride, CO PURPOSE: GENERAL SUPPORT | $25,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $22,789 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: THE RAISING A READER PROGRAM, TO BE PAID OVER TWO YEARS. THE FIRST PAYMENT OF $8,000 WILL BE PAID AFTER THE CONTRACT HAS BEEN SIGNED AND RETURNED. THE REMAINING $8,000 WILL BE PAID UPON RECEIPT OF AN ACCEPTABLE PROGRESS REPORT, DETAILING THE ACTIVITIES IN YEAR ONE OF THIS GRANT, INCLUDING FINANCIAL REPORTS, UPDATES REGARDING ANY CHANGES TO THE SCOPE OF WORK OR BUDGET, AND AN UPDATED QUALITY GOAL, DUE NO LATER THAN 3/31/2023 | $8,000 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: RAISING A READER PROGRAM (TWO-YEAR GRANT) | $8,000 |
Marusi Family Foundation Inc Lake Wales, FL PURPOSE: CHARITABLE | $1,500 |
Frey Foundation Grand Rapids, MI PURPOSE: STUDY FRIENDS & RAISING A READER | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make Way For Books Tucson, AZ | $2,670,198 | $2,705,326 |
Phillips Fundamental Learning Center Inc Wichita, KS | $2,489,354 | $2,705,751 |
Success By 6 Coalition Of Douglas County Lawrence, KS | $182,877 | $1,222,977 |
Read Better Be Better Phoenix, AZ | $1,920,458 | $1,563,168 |
Teton Literacy Center Jackson, WY | $3,682,650 | $1,449,473 |
Smart Start Central Oklahoma Inc Oklahoma City, OK | $1,312,516 | $1,054,771 |
Adult Literacy Plus Of Southwest Arizona Yuma, AZ | $598,743 | $427,284 |
Dibs For Kids Omaha, NE | $579,605 | $466,228 |
Gaining Ground Corporation Tulsa, OK | $0 | $454,203 |
Multi-Dimensional Literacy Corp Tucson, AZ | $278,145 | $249,939 |
Booktrails Inc Steamboat Springs, CO | $595,079 | $559,968 |
Literacy Project Minturn, CO | $341,056 | $271,070 |